Eos Energy Enterprises Inc (NASDAQ:EOSE) saw an upside of 5.56% to $2.40 after adding $0.13 on Monday. The 5-day average trading volume is 10,426,438 shares of the company’s common stock. It has gained $2.70 in the past week and touched a new high 1 time within the past 5 days. An average of 12,662,159 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 10,627,844.
EOSE’s 1-month performance is -22.45% or -$1.14 on its low of $2.00 reached on 09/21/23. The company’s shares have touched a 52-week low of $0.95 and high of $5.66, with the stock’s rally to the 52-week high happening on 06/29/23. YTD, EOSE has achieved 61.91% or $0.88 and has reached a new high 23 times. However, the current price is down -57.70% from the 52-week high price.
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Insider Transactions
EOSE stock investors last saw insider trading activity on Sep 21.Demby Claude (Director) most recently sold 20,143 shares at $2.78 per share on Sep 07. This transaction cost the insider $55,998. Former Director, Shribman Daniel, sold 50,000 shares at a price of $1.17 on Nov 10. Then, on Nov 09, Former Director Shribman Daniel sold 281,750 shares at a price of $1.21 per share. This transaction amounted to $341,087.
Valuation Metrics
EOSE stock has a beta of 2.73. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 18.02.
Eos Energy Enterprises Inc’s quick ratio for the period ended June 29 was 0.79, with the current ratio over the same period at 1.49. In terms of profitability, the gross margin trailing 12 months is -567.99%. The trailing 12-month EBITDA margin is -1153.48% while for the period ending June 29, Eos Energy Enterprises Inc’s operating margin was -976.83%. The firm’s gross profit as reported stood at -$135.34 million against revenue of $17.92 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 56.93% to -$131.63 million, while revenue of -$71.6 million was 45.61% off the previous quarter. Analysts expected EOSE to announce -$0.37 per share in earnings in its latest quarter, but it posted -$1.12, representing a -202.70% surprise. EBITDA for the quarter stood at more than -$31.88 million. EOSE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 338.49 million, with total debt at $237.71 million. Shareholders hold equity totaling $134.0 million.
Let’s look briefly at Eos Energy Enterprises Inc (EOSE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 41.50% to suggest the stock is trending Neutral, with historical volatility in this time period at 102.37%.
The stock’s 5-day moving average is $2.28, reflecting a +3.73% or $0.09 change from its current price. EOSE is currently trading -32.62% above its 20-day SMA, +49.68% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -34.31% and SMA200 by+118.98%.
Stochastic %K and %D was 15.02% and 9.05% and the average true range (ATR) pointed at 0.37. The RSI (14) points at 42.46%, while the 14-day stochastic is at 24.17% with the period’s ATR at 0.40. The stock’s 9-day MACD Oscillator is pointing at -0.09 and -0.21 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Eos Energy Enterprises Inc (NASDAQ: EOSE), Seaport Research Partners downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for EOSE stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate EOSE as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.
What is EOSE’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $4.50 and a high of $17.00, with their median price target at $10.00. Looking at these predictions, the average price target given by analysts is for Eos Energy Enterprises Inc (EOSE) stock is $10.25.
